Exercise 4-8 Computing ABC Product Costs [LO4-2, LO4-3] (The following information applies to the questions displayed below.] Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: Direct Labor-Hours per unit 0.40 0.70 Annual Production 18,000 units 77,000 units Rims Posts Additional information about the company follows: a. Rims require $14 in direct materials per unit, and Posts require $11. b. The direct labor wage rate is $15 per hour. c. Rims are more complex to manufacture than Posts and they require special equipment. d. The ABC system has the following activity cost pools: Estimated Activity Rims Posts 120 Estimated Overhead Cost $ 30,030 $ 147,840 $ 576,000 Activity Cost Pool Machine setups Special processing General factory 80 Activity Measure Number of setups Machine-hours Direct labor-hours Total 200 2,000 36,000 2,000 7,000 29,000 Estimated Activity Posts Activity Cost Pool Machine setups Special processing General factory 80 Estimated Overhead Cost $ 30,030 $ 147,840 $ 576,000 Activity Measure Number of setups Machine-hours Direct labor-hours Rims 120 2,000 7,000 Total 200 2,000 36,000 0 29,000 Exercise 4-8 Part 2 2. Determine the unit product cost of each product according to the ABC system. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Unit product cost of Rims Unit product cost of Posts